Business
‘There is no better time to make money on MMM than now’ – Consultant explains reasons behind ‘Money Freeze’
As anxieties continue to mount over the suspension of the popular Mavrodi Mundial Moneybox, MMM, by its administrators; promoters, consultants and subscribers have assured both the participants and prospective participants that there is no better time to make more money than now.
Some of those who spoke to Saturday Vanguard maintained that the fear of the scheme crashing was misplaced, adding that other activities such as pledging to get help and registering for providing help were ongoing. An unofficial consultant, analyst and participant in the scheme, Osa Amadi said despite the misconception of the suspension, it is the best time time to make money as all it is required is to pledge to give help of a certain amount of money while the money remains in the pocket pending the lifting of the suspension and maturity date.
According to him, “the fear of MMM crashing is misplaced. I know a lot of people were stampeded into withdrawing their money from the scheme, just like it happens in the conventional banks when there are rumors of distress and people begin to lose confidence. So, the MMM administrators got wind of that fears and moved to stem the impending catastrophe. So, they stopped withdrawal, while all other activities of the scheme are still going on such as the Mavrod growth. As at today, December 15, 2016, people are still getting orders to be matched with participants. By January, the scheme will open up fully and people will start receiving money again. There is no better time to make money in MMM than now. He explained that: “if you offer to provide help, nobody will receive your money now based on the suspension of withdrawal. Your money will stay in your pocket for 30 days which is incidentally the maturity period in MMM.
So, while your money is still in your pocket, it has matured for interest. The day you will be paying, the following day you will be collecting. Unlike before your money will have to be in the system for three weeks or more before you withdraw. It is a rare opportunity and experienced brokers like me will know that there is no better time to make money than now.”
The problem was caused by the panic and remember that people are going on holidays, so everybody wanted their money for the Yuletide, and there was this mass withdrawal and the administrators had to stop the trend. He maintained that some top members of the scheme who are called Guiders have been directed to pump money into the scheme in order to respond promptly to any shortfall in withdrawal request so as to keep the scheme going. “The Guiders are the leaders in MMM and they have received matching orders to move fund into the scheme. They are the highly rich participants in MMM. So, with this order, there will be excess fund to pay people in January. A participant in the scheme, who does not want his name in print said: “Don’t panic, it’s all for good. Recently, MMM started a promo called holiday bonus in which they were giving 20% extra on top of the 30%.
They instructed that the bonus would only go for new money not money that is already in the system. But participants as stubborn as they are wanted to withdraw money from the system and reinvest it to get the holiday bonus. If this was allowed, the withdrawal level will rise so high that it will surpass the donation level and finally crash the system. The bonus was meant for new money not old money in the MMM system already. “Remember, PH still continues only that people will be matched by January. Their Mavro will be growing but it won’t be matched till January when GH starts. If this measure wasn’t taken, MMM would have crashed last week. So, as the case is now, money will keep growing till January. Please don’t panic, MMM did this to ensure that the system is sustained and that it doesn’t crash. A promoter known in the scheme as a Guider, who is believed to have benefited immensely from the scheme rationalised the move on the social media saying that it was meant to strengthen the scheme for continuity. “I want to say that this new message that seems to be causing panic out there in the hearts of all MMM participants, does not say that nobody will be able to Get Help, GH until January, instead the message is saying that you will not be able to GH until after 30days that you actually made the payment of your PH and the recipient confirms. Meaning that your money must actually spend minimum of 30days outside. So, for example, if you are Providing Help PH of 100K on 5th November, and you are matched to pay on 10th November, assuming that you made the payment but the recipient does not confirm your order until 15th November when he finally confirms receipt of your payment, from that instant (15th November), your Mavros will change status to “confirmed” ( irrespective of colour Blue or Green ), so you will only be able to request for help (GH) on that particular 100k + 30% growth as from 15th December. It is not that you can’t GH before
Precision and Heritage: How Fifi Stitches Is Rewriting African Fashion Narratives
A Nigerian-born designer is gradually carving out a cross-continental footprint in contemporary fashion, blending African textile heritage with British technical discipline.
Esther Fiyinfoluwa Adeosun, Founder and Creative Director of Fifi Stitches, is gaining recognition for structured womenswear and bridal couture that reinterprets traditional fabrics through architectural tailoring and precision construction.
Born in Ibadan, Oyo State, Adeosun’s fashion journey began at home, seated beside her mother’s sewing machine. What started as childhood curiosity, sometimes jamming the machine just to understand its mechanics—evolved into a disciplined design practice now operating between Nigeria and the United Kingdom.
During an interview with journalists the fifi Stitches once mentioned “I was fascinated by how flat fabric could transform into something structured and meaningful”.
In her Story , early designs made for her family, though imperfectly finished, were worn with pride—an encouragement that laid the foundation for her professional confidence.
Today, Fifi Stitches is recognised for sculpted bodices, controlled tailoring, corsetry construction, and the contemporary reinterpretation of Ankara, Aso Oke, and Adire textiles.
The brand challenges the long-held perception that African fabrics belong solely in ceremonial contexts, instead positioning them within global luxury and modern design spaces.
Adeosun’s training reflects this dual perspective. She studied Fashion Design and Entrepreneurship at the Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, and earned a Diploma in Fashion Design through Alison Online.
In the UK, she undertook industry-focused technical training with Fashion-Enter Ltd and gained fashion business exposure through Fashion Capital UK.
Her technical expertise spans pattern drafting, draping, garment technology, structured tailoring, corsetry, and bespoke fittings—skills she describes as central to credibility in fashion. “Precision builds trust,” she says. “A designer must understand construction as deeply as creativity.”
Fifi Stitches has showcased collections at the Suffolk Fashion Show, Liverpool Fashion Show – FB Fashion Ball, Red Carpet Fashion Event in London, and through editorial features in London Runway Magazine.
The brand has also received coverage in The Guardian Nigeria and Vanguard Allure, expanding its visibility across markets.
Beyond couture, Adeosun integrates community impact into her practice.
She has facilitated garment construction workshops, draping sessions, and introductory training programmes for women and emerging creatives, promoting fashion as both artistic expression and vocational empowerment.
Fifi Stcithes Boss operates between Nigeria and the UK, in order to continue to shape her brand identity.
According to her “Nigeria provides cultural richness and expressive textile traditions, while the UK offers structured production systems, sustainability conversations, and institutional frameworks”.
Looking ahead, Adeosun said she plan to establish a fully structured fashion house spanning Africa and the UK, develop scalable production partnerships, launch capsule collections, and expand independent editorial visibility.
Her broader ambition is clear: to position African textile craftsmanship within global contemporary design conversations—through structure, discipline, and technical excellence.
GTCO Launches “Take on Squad” Hackathon 3.0, Opens Call for Applications
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has announced the launch of “Take on Squad” Hackathon 3.0, reaffirming its commitment to fostering innovation, empowering talent, and supporting the development of technology-driven solutions that address real-world challenges across Africa.
Now in its third edition, the Hackathon brings together developers, designers and entrepreneurs across Nigeria in a collaborative environment to build practical solutions across key sectors including financial services, healthcare, commerce and digital inclusion. Under the theme “Smart Systems: The Intelligent Economy,” participants are challenged to design and build intelligent, data-driven solutions that transform how communities engage with money.
Applications are now open, and interested teams can find full guidelines and registration details on the official portal at https://squadco.com/hackathon.
Speaking on the initiative, Eduophon Japhet, Managing Director of HabariPay, stated: “Today’s dynamic, digitally driven world demands continuous innovation, which is shaping how economies grow, how businesses scale, and how societies evolve. Through “Take on Squad” Hackathon, we are deliberately investing in the ideas and talent that will define the future. Our objective is not simply to encourage innovation, but to enable its translation into scalable solutions that deliver real and measurable impact. This reflects GTCO’s role as a financial services platform that connects capital, capability, and creativity to drive sustainable progress.”
The social coding event remains a cornerstone of HabariPay’s mission to foster creativity and problem-solving among emerging tech talents. Competing teams will leverage Squad’s advanced APIs to create scalable digital tools that address everyday challenges faced by businesses and individuals.
Through initiatives such as this, GTCO continues to position itself at the intersection of finance, technology and enterprise, actively shaping the future of digital transformation in Africa.
About HabariPay
HabariPay Ltd is the fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa with direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom.
Licensed by the Central Bank of Nigeria (CBN), our goal is to support SMEs, micro merchants, large corporations and other fintechs (Tech Stars) with the tools they need to thrive in an evolving digital economy and expand beyond their current market reach. HabariPay’s solutions include Squad, a full-scale digital payments toolkit to make in-person and online payments simpler, HabariPay Storefront, an e-commerce website to facilitate online purchases, Value-Added Services to help merchants access cost-effective and flexible airtime and data bundles to run their businesses, as well as a switching infrastructure that enables tech-focused businesses to optimise cost and make transactions more efficient.
HabariPay’s contributions to Accelerating Digital Acceptance in Africa have not gone unnoticed–it received Mastercard’s Innovative Mobile Payment Solution Award at TIA 2022 for its innovative payment solution, SquadPOS.
About Squad
Squad is a complete digital payments solution that is reliable, secure, and affordable, making receiving in-person and online payments simpler and convenient.
Thousands of merchants currently leverage Squad’s payment solutions for their daily business operations. Squad’s current products and service offerings include SquadPOS, Squad Payment Links, Squad Virtual Accounts, USSD, and E-Commerce Storefront.
Find out more at www.squadco.com.
Electric 8-Seater Tula Moto Keke Enters Nigerian Market, Targets Higher Operator Earnings
LAGOS — A new electric-powered tricycle with an expanded passenger capacity has been introduced into Nigeria’s urban transport sector, offering operators a potentially more profitable and eco-friendly alternative to conventional petrol-driven “keke.”
The newly launched 8-seater electric tricycle, now available in Lagos with plans for nationwide distribution, features a dual-row seating arrangement capable of accommodating up to eight passengers per trip—significantly higher than the standard three-passenger configuration common across the country.
Promoters of the innovation say the increased capacity is designed to boost daily earnings for operators, particularly amid persistent fluctuations in fuel prices. By running entirely on electric power, the vehicle eliminates dependence on petrol, reducing operating costs and shielding drivers from fuel price volatility.
According to the distributors, the tricycle is equipped with a durable battery system capable of covering extended distances on a single charge, making it suitable for commercial operations across high-traffic routes, residential estates, campuses, and marketplaces.
“The concept is straightforward—enable drivers to earn more while spending less,” a company representative stated. “With higher passenger capacity and zero fuel requirements, operators can maximise each trip without the burden of daily fuel expenses.”
Beyond its cost-saving potential, the electric keke is also said to require less maintenance than traditional models, offering additional long-term savings. Its quieter and smoother operation is expected to enhance passenger comfort and overall commuting experience.
Industry analysts note that the introduction of electric mobility solutions reflects a growing shift toward cleaner and more sustainable transportation alternatives in Nigeria, particularly in densely populated urban centres such as Lagos.
The distributors added that the product is currently available under a limited promotional offer, with delivery options across the country.
For inquiries and purchase: 📞 08153432071
📞 08035889103
Office Address:
📍 Plot 9, Block 113, Beulah Plaza,
Lekki–Epe Expressway,
Lekki Phase 1, Lagos
As transportation costs continue to rise and environmental concerns gain prominence, innovations like the electric 8-seater keke may signal an emerging transition toward more efficient and sustainable mobility solutions nationwide.
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